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List of All Articles with Tag 'eur'

Mapped: The damage caused by Ukraine’s devastated dam
Mapped: The damage caused by Ukraine’s devastated dam
War-torn Ukraine is reeling from the collapse of the Nova Kakhovka hydroelectric dam, which saw its reservoir burst causing chaos for miles around. The catastrophe on Tuesday forced thousands of residents of nearby towns and villages to evacuate their homes as the floodwater barrelled towards them and left some climbing onto rooftops or into trees to escape the raging torrents. Hundreds of thousands more have been left without access to clean drinking water in the region as a result of the eco-disaster on the Dnipro River, prompting relief workers to rush fresh supplies to the area as they struggle with the problems of mass resettlement. While the official tallies report that over 2,700 people have fled from flooded areas on both the Ukrainian and Russian-controlled sides of the river, a true picture of the disaster has yet to emerge given that more than 60,000 people live in the vicinity. Kyiv has blamed Russia for deliberately destroying the Soviet-era infrastructure, with Moscow, inevitably, protesting its innocence and contemptuously suggesting that Ukrainian saboteurs are responsible. Ukraine’s president Volodymyr Zelensky has called the incident “a war crime” and the “largest man-made environmental disaster in Europe in decades”. Russia would certainly appear to have the most to gain from the disaster and President Zelensky did warn as long ago as last November that he believed enemy soldiers had mined the dam and were plotting its destruction. He reiterated that stance in a tweet on Tuesday: “It is physically impossible to blow it up somehow from the outside, by shelling. It was mined by the Russian occupiers. And they blew it up.” For now though, the priority remains coming to the aid of the stricken people of Kherson. Ukraine’s deputy prime minister Oleksandr Kubrakov has warned of the threat to their wellbeing posed by hazardous chemicals and infectious diseases carried by the water as well as from landmines previously placed near the war’s frontline, which have been disturbed by the floods and are now likely to explode. The water in the reservoir feeds a wide area of southern Ukrainian farmland, including the annexed peninsula of Crimea, as well as providing all-important cooling water to the Russian-held Zaporizhzhia nuclear plant, lying nearby as indicated on the map below. A United Nations nuclear watchdog has attempted to reassure the public by saying that there is “no immediate risk” to the plant, even if it were to run out of water for its cooling systems. There is no such good news for the region’s farmers, however, with the flooding expected to spell instant disaster for this year’s harvest: crops are likely to be washed away, fields left waterlogged and livestock drowned in water that is at serious risk of being contaminated by machine oil, already seen gushing into the Dnipro. The depleted reservoir is also considered unlikely to be able to supply adequate irrigation to the surrounding fields for several years to come, a huge setback for Ukraine’s eventual hopes of economic recovery. All of which is also likely to have consequences for a global food market that has increasingly relied upon Ukraine for the supply of agricultural produce since the end of the Cold War. “There is no doubt that this will lead to large-scale environmental, economic and human consequences,” Mykhailo Podolyak, a chief adviser to President Zelenksy, told The Independent. “The instantaneous death of a large number of fish and animals, the waterlogging of drained lands, and the change in the climatic regime of the region, will later be reflected in the food security of the world. “A one-time reduction of water in a huge reservoir will lead to unpredictable ecological consequences.” Mr Podolyak warned that he expected the floodwaters to reach Mykolaiv, lying 56 miles from the dam and decried the drowning of the entire population of animals at the Kazkova Dibrova zoo on the Russian-held eastern bank of the river as particularly tragic. President Zelensky has already rebuked the officials installed by Moscow to run occupied territories along that bank for failing to respond adequately to the emergency. The Russian authorities he criticised have conceded that they have evacuated fewer than 1,300 people so far in an area where as many as 40,000 people were said to be affected. That compared unfavourably with the estimated 1,700 evacuated on the Ukrainian side to the west, where the population was reportedly around 42,000. According to the independent Russian news outlet Vyorstka, residents of the Moscow-run village of Oleshky, for one, remain stranded, the publisher quoting one woman as saying that her mother, who could not make it to the roof, was in the water clutching a ladder. A volunteer confirmed to Vyorstka that those still awaiting evacuation included children and disabled people. Civilians in Kherson itself were seen clutching personal belongings as they waded through knee-deep water in the streets and rode rubber rafts. Video on social media showed rescuers carrying others to safety and what looked like the triangular roof of a building floating downstream. Aerial footage showed flooded streets in the Russian-controlled city of Nova Kakhovska itself, where Mayor Vladimir Leontyev said seven people were missing, although they were believed to be alive. But perhaps most striking of all has been the aerial shots of the region captured by Maxar Technologies, which give the fullest picture of the damage done seen so far. Additional reporting by agencies Read More Ukraine-Russia war news – live: Exploding mines float through floodwater after Kherson dam attack Massive destruction after Ukraine dam collapse revealed in new satellite images Watch view of flooding in Kherson after destruction of Dnipro river dam The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary
2023-06-08 06:28
Germany Set to Boost Investor Returns From Energy Networks
Germany Set to Boost Investor Returns From Energy Networks
Germany’s energy network regulator promised a bigger payback for investors in power and gas grids, a decision that’s
2023-06-07 22:52
Thyssenkrupp Bids for $5.2 Billion Indian Submarine Contract
Thyssenkrupp Bids for $5.2 Billion Indian Submarine Contract
Thyssenkrupp AG’s marine arm and India’s Mazagon Dock Shipbuilders Ltd. intend to jointly build submarines for the Indian
2023-06-07 22:28
Lira Plunges as Turkey’s New Economy Team Pulls Back Defense
Lira Plunges as Turkey’s New Economy Team Pulls Back Defense
Turkey’s lira plunged to a record low as state lenders temporarily halted dollar sales, in a sign the
2023-06-07 19:46
Pope Francis in hospital for abdominal surgery
Pope Francis in hospital for abdominal surgery
Pope Francis is hospital for surgery on his intestine, the Vatican has said. The pontiff, 86, is to be put under general anesthesia for the operation this afternoon and will be hospital for several days. The operation at the Gemelli hospital in Rome is due to an “incarcerated incisional hernia”. It comes two years after he had 33 centimeters (13 inches) of his colon removed because of an inflammation and narrowing of the large intestine.
2023-06-07 16:56
CBI Survives Key Members’ Vote After Sexual Assault Scandal
CBI Survives Key Members’ Vote After Sexual Assault Scandal
The Confederation of British Industry won the support of 93% of members who voted in Tuesday’s poll to
2023-06-07 15:22
Swedes Warm Up to Euro as Krona Approaches All-Time-Lows
Swedes Warm Up to Euro as Krona Approaches All-Time-Lows
The Swedish population has become less hostile to the idea of adopting the euro as the krona is
2023-06-07 14:45
Russia-Ukraine war – live: Kyiv blames Russian ‘terrorists’ for Kakhovka dam blast
Russia-Ukraine war – live: Kyiv blames Russian ‘terrorists’ for Kakhovka dam blast
Ukraine has accused Russia of destroying a sprawling dam in the Russian-occupied Kherson region, triggering a wave of evacuations as flood water poured from the Nova Kakhovka hydro-electric plant. Footage circulating on social media appears to show large blocks of the dam wall washed away. Moscow and Kyiv have blamed each other for the breach at the Russian-controlled dam, an event which coincided with intensified efforts by Ukrainian forces to retake territory seized by Vladimir Putin’s troops. Ukraine has condemned the Kremlin of acting like a “terrorist state” and said its aim was to prevent Ukrainian troops crossing the Dnipro River to attack Russian occupying forces. President Volodymyr Zelensky tweeted: “Russian terrorists. The destruction of the dam only confirms for the whole world that they must be expelled from every corner of Ukrainian land.” Sergei Aksyonov, the Russian-backed head of Crimea, said on Tuesday there was no immediate threat to the peninsula's water supply or any risk of flooding due to the dam breach, but flagged a potentially serious threat ahead. "There is a risk that the Northern Crimean Canal will get more shallow," he said, an event that could reduce water supplies in time. Read More He fled Ukraine under the barrel of a gun. Now his invention could turn the tide of Putin’s war Russia's most famous icon handed over from museum to church despite protests Ukraine piles on pressure after Russia declares victory in Bakhmut
2023-06-07 12:59
SEC Seeks to Freeze Binance.US Assets and Protect Customer Funds
SEC Seeks to Freeze Binance.US Assets and Protect Customer Funds
The Securities and Exchange Commission said it’s seeking to freeze Binance.US’s assets and protect customer funds, including through
2023-06-07 10:24
Breakthrough on stalled EU migration deal coming this week - official
Breakthrough on stalled EU migration deal coming this week - official
By Gabriela Baczynska BRUSSELS European Union countries are expected this week to agree on how to share out
2023-06-06 19:29
US Treasuries Blacklisted by German State as ESG Law Takes Hold
US Treasuries Blacklisted by German State as ESG Law Takes Hold
For an illustration of how wildly different the debate around ESG is in Europe and the US, look
2023-06-06 19:23
UK Shoppers See More ‘Shrinkflation’ in Supermarket Aisles
UK Shoppers See More ‘Shrinkflation’ in Supermarket Aisles
British shoppers are becoming more aware of “shrinkflation,” as food producers cut packet sizes while charging the same
2023-06-06 17:54
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